Day 2 of the Annual CIO Leaders Summit Hong Kong, opened with Steve Monaghan, Regional Director, Head of Edge, AIA. Steve is Regional Director, Head of Edge AIA and is accountable for group innovation agenda and a Limited Partner in True Global Ventures focused on Fintech. Steve has held various senior corporate roles in banking and has worked in marketing, operations and general management. He has worked for a number of leading corporations and financial institutions such as DELL, DBS, OCBS and Citigroup. Throughout his career, Steve has specialised in introducing new business models, businesses and products in all major markets in Asia.
During his presentation, Steve spoke on the Dynamics of Change as well as the impact of emerging technology while trying to engage the organisation. Steve captivated the audience of high-level IT executives by speaking on Artificial Intelligence and Blockchain. Steve believed that AI and Blockchain contains the capacity to hyper-deflate the cost of doing business. The session also delved into identifying both the opportunity and impact of these and other technologies on business and markets.
Steve was on the startup team for Dell Computer, introducing Dell’s consumer business to Asia. Later he developed and executed the branded manufacturing and retail model catapulting Compaq to number one in the Indian consumer market. In banking Steve developed and patented the first mobile payments platform for Citigroup, developed a Consumer Finance Division for OCBC and lead the retail bank turnaround of Shinsei Bank in Japan growing revenues USD$500M, deposits 25% and improving net income by USD$100M during a 9 month transformation. As Chief Innovation Officer for DBS Bank, Steve drove the innovation agenda focused on Intelligence, Big Data and Social culminating in the $220+M investment of DBS in IBM Watson, DBS A*Star R&D Lab and Digital Banking.
Steve is a frequent presenter and lecturer around the world on subjects including Innovation, banking, Working Capital, M&A and Investing in China. He co-authored a five-year China IPO study and has been frequently published on topics including Working Capital, Investing in China and Capital Collaboration. Steve holds an EMBA with ‘first in class academic standing’ from the Helsinki School of Economics and has attended senior leadership courses at IMD and Wharton.
This presentation opened up a high-level of discussion with the audience. To register your interest for one of our CIO Leaders Summit click here.